India-Russia KA 226 T Joint Venture Incorporated

Ministry of Corporate Affairs of the Government of India has on May 2, 2017 incorporated the India-Russia Helicopters Limited Company. This marks the formal creation of the Joint Venture between Hindustan Aeronautic Limited of India and Russian Helicopters and Rosoboronexport of Russia and is a key milestone in the production of Kamov 226 T helicopter in India with Russian collaboration. It will be recalled that the Intergovernmental Agreement for the formation of such a Joint Venture was signed during the 16th Annual Summit between India and Russia on December 24, 2015 in Moscow.